Ilika (LON:IKA) Stock Crosses Below 200-Day Moving Average of $34.51

Ilika plc (LON:IKA) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 34.51 ($0.43) and traded as low as GBX 27.02 ($0.34). Ilika shares last traded at GBX 28 ($0.35), with a volume of 37,581 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on Ilika from GBX 120 ($1.49) to GBX 110 ($1.37) and set a “buy” rating for the company in a report on Tuesday, January 23rd.

Ilika Price Performance

The company has a current ratio of 12.20, a quick ratio of 15.43 and a debt-to-equity ratio of 2.33. The company has a market capitalization of £44.51 million, a PE ratio of -700.00 and a beta of 1.99. The stock has a fifty day simple moving average of GBX 31.09 and a 200-day simple moving average of GBX 34.49.

About Ilika

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.